Tugboat Institute® member Don MacAskill is the CEO & Chief Geek of Awesome, which owns the brands SmugMug and Flickr. Don founded SmugMug with his brother, Ben, and together they bootstrapped their online photo sharing company, purchased Flickr from Yahoo, and built their company into an industry leader. All this from the heart of Silicon Valley and in the highly competitive and fast-paced tech industry. Fast and frequent innovation is critical to survival in this industry, especially when you are self-funded and competing against giants like Google, Amazon, Facebook, and Apple.

In this Tugboat Institute talk, Don shares his approach to innovation. Awesome exists in an environment where the pressure to adopt new ideas, one after the other, and stay ahead of the curve is intense, so he has found that it’s important to have some clear guide rails, to help them avoid falling into the ‘innovation trap’ and following fads that do not last.